Difference between revisions of "Layer 2"
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A Layer 2, also referred to as L2, refers to a secondary framework or protocol that is built on top of an existing blockchain system. The main goal of these protocols is to solve the transaction speed and scaling difficulties that are being faced by the major cryptocurrency networks. | A Layer 2, also referred to as L2, refers to a secondary framework or protocol that is built on top of an existing blockchain system. The main goal of these protocols is to solve the transaction speed and scaling difficulties that are being faced by the major cryptocurrency networks. | ||
[[Category:Glossary]] | |||
Revision as of 01:37, 3 May 2022
A Layer 2, also referred to as L2, refers to a secondary framework or protocol that is built on top of an existing blockchain system. The main goal of these protocols is to solve the transaction speed and scaling difficulties that are being faced by the major cryptocurrency networks.